TMPA-2017: Software Testing in Market Infrastructures
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Transcript of TMPA-2017: Software Testing in Market Infrastructures
Software Testing in Market Infrastructures
Iosif Itkin, Exactpro CEO and Co-FounderLondon Stock Exchange Group
Trading Systems Typology
1. Traders 2. Brokers 3. Execution Venues
4. Trading Platforms Providers
5. Software Testers
Capital Markets
LSEG operates a broad range of international equity, ETF, bond and derivatives markets,
including London Stock Exchange; Borsa Italiana; MTS (Europe's leading fixed income market);
and Turquoise (a pan-European equities MTF)
Post Trade
February 1995 - Following the discovery of substantial trading losses on overseas the house account closed out at a
gross loss of approximately £6k, compared with total margin cover held by LCH of approximately £11m
September 2008 - LCH successfully resolved $9 trillion of Lehman Brothers OTC interest rate swap defaults
Information Services
Society needs information about prices. Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with
approximately $10 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of real time and reference data
products, including SEDOL, UnaVista, and RNS.
Non-Functional Testing
Hundreds of millions of orders per day
Micro-bursts with thousands of transactions within milliseconds
Latencies 3,000 times faster than the blink of an eye…
…and equal to time it takes a flying passenger jet to cover the
distance of 2.5 cm
Models and Agents
The Minirobots tool, developed with the idea of simulating real traders' behaviour in mind, is able to make decisions under specific market conditions in
a common fashion, but at the same time has a certain degree of autonomy. Depending on what the testing needs are, each of the robots can act
independently or jointly executing a particular trading strategy or simply replaying a stored list of orders.
Market Surveillance
Fraud detection - prevent market manipulation, money laundering and other illegal activities.
Technical stability and search for possible software defects.
Software Defects Big Data
- automatic defect fixing
- automatic defect detection
- metrics and predictions of defect reports
- quality of defect reports
- triaging defect reports
Requirements
& Code
Bugs
London Stock Exchange Group
• A leading diversified international exchange and infrastructure group with assets across the entire exchange value chain
• The Group can trace its history back to 1698
• Headquartered in the United Kingdom, with significant global operations, the Group employs approximately 3,500 people
• Post trade and risk management services are a significant part of the Group’s business operations
• Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with
approximately $10 trillion benchmarked to its indexes
Open Access Software Testing
• A specialist firm focused on functional and non functional
testing of systems that process wholesale financial products,
particularly market infrastructures
• A UK company with operations in the US and four QA &
software development centres in Russia
• Part of London Stock Exchange Group as of May 29, 2015
• Incorporated in 2009 with 10 people, our company has
experienced significant growth as satisfied clients require
more services; now employing over 450 specialists
Global Client Network
Toronto
New YorkTysons Corner
Montreal
Portland
Seattle
Dubai
Colombo
Johannesburg
Sydney
Singapore
Hong Kong
Moscow
Oslo
Paris
Milan
Vienna
London Amsterdam
A UK company with operations in the US and four QA &
software development centres in Russia
Part of LSEG Since May 29, 2015
Incorporated in 2009 with 10 people, our company has
experienced significant growth as satisfied clients require
more services;
Now employing over 450 specialists
AIST
AIST
THE 6TH INTERNATIONAL CONFERENCE ON
ANALYSIS OF IMAGES, SOCIAL NETWORKS,
AND TEXTS
July 27 - 29, 2017
EXTENT
The seventh EXTENT conference will be held in
London, UK .
Find out more:
www.extentconf.com– Trading Technology and Quality Assurance
– Risk controls and FPGA
– Market Surveillance systems
– Blockchain and trading technology trends
– Artificial intelligence
Questions & Answers
exactpro_llc
exactpro
exactproexactpro
Thank You
https://www.linkedin.com/in/iosifitkin/
+7 495 640 24 60